Hi there
This is Crazy Cat with a potentially profitable trading opportunity...
Friday, July 02 (08:30 New York Time) USA
We have US NonFarm Employment Change coming out. It is expected to read -75K (and it is still changing). Last month it read +431K.
This will be a very tricky report to trade because it seems once again no one has a clue what number is going to be. In fact, ForexFactory expects -106K as of the moment I am typing it. -75K or -106K are simply averages, so some economists expect very a negative number whereas some others expect a very positive number. My triggers are based on expected number of -75K and may change if the expected number changes.
I recommend trading USD/JPY for this report.
Please read what this indicator means and how it affects the USD/JPY by going to this link: https://www.forexpeacearmy.com/fore...ptions/7400-us-nonfarm-employment-change.html
The trigger for this indicator is 100. This means that if US NonFarm Employment Change comes out at +25 or better, USD/JPY will probably go up by 50 pips or more in the first 45 minutes of the report. If it comes out at -175 or less, USD/JPY will probably go down by 50 pips or more in the first 45 minutes of the report. If you want to be a bit more aggressive, I think +/- 75K trigger should work as well.
We will also have US Unemployment Rate and Revision coming out. A deviation of 0.2 on unemployment rate is considered significant but chances are good it will not conflict. Revision is also important and a significant conflict with revision number may mute the move greatly.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
To read the after-spike retracement strategy for this report click here: Diamonds Forex Trading System (Trading News After The Spike) - Forex Peace Army Forum
For example: on June 04, US NonFarm Employment Change came out at +431K, versus an expectation of 535.5K, and USD/JPY went down by around 75 pips. See for yourself what happened by seeing this chart: Forex news trading currency exchange charts
I highly recommend you study the entire history and charts of this report by following this link:
Forex News Trading | Details and History for USD Nonfarm Employment Change
I hope you make some money on this report.
-Crazy Cat
This is Crazy Cat with a potentially profitable trading opportunity...
Friday, July 02 (08:30 New York Time) USA
We have US NonFarm Employment Change coming out. It is expected to read -75K (and it is still changing). Last month it read +431K.
This will be a very tricky report to trade because it seems once again no one has a clue what number is going to be. In fact, ForexFactory expects -106K as of the moment I am typing it. -75K or -106K are simply averages, so some economists expect very a negative number whereas some others expect a very positive number. My triggers are based on expected number of -75K and may change if the expected number changes.
I recommend trading USD/JPY for this report.
Please read what this indicator means and how it affects the USD/JPY by going to this link: https://www.forexpeacearmy.com/fore...ptions/7400-us-nonfarm-employment-change.html
The trigger for this indicator is 100. This means that if US NonFarm Employment Change comes out at +25 or better, USD/JPY will probably go up by 50 pips or more in the first 45 minutes of the report. If it comes out at -175 or less, USD/JPY will probably go down by 50 pips or more in the first 45 minutes of the report. If you want to be a bit more aggressive, I think +/- 75K trigger should work as well.
We will also have US Unemployment Rate and Revision coming out. A deviation of 0.2 on unemployment rate is considered significant but chances are good it will not conflict. Revision is also important and a significant conflict with revision number may mute the move greatly.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
To read the after-spike retracement strategy for this report click here: Diamonds Forex Trading System (Trading News After The Spike) - Forex Peace Army Forum
For example: on June 04, US NonFarm Employment Change came out at +431K, versus an expectation of 535.5K, and USD/JPY went down by around 75 pips. See for yourself what happened by seeing this chart: Forex news trading currency exchange charts
I highly recommend you study the entire history and charts of this report by following this link:
Forex News Trading | Details and History for USD Nonfarm Employment Change
I hope you make some money on this report.
-Crazy Cat
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